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Business Management MCQ Questions and Solutions with Explanations | Management

Business Management MCQ Questions and answers with easy and logical explanations. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. Page-1 section-3

Each section contains 100 MCQs on Business Management .
1
The last function of management is
Discuss
Answer & Solution
Answer: Option C
Solution:
The last function of management is controlling. Controlling is the final function of management in which the manager, once a plan has been carried out, evaluates the results against the goals.
2
Which function is basis of control
Discuss
Answer & Solution
Answer: Option A
Solution:
Planning is basis of control. Planning sets the goals for the organization and controlling ensures their accomplishment. Planning decides the control process and controlling provides sound basis for planning.
3
The control takes place before the actual activity is known as
Discuss
Answer & Solution
Answer: Option B
Solution:
The control takes place before the actual activity is known as feed forward control. Feedforward control is a mechanism in a system for preventing problems before they occur by for monitoring performance inputs and reacting so as to maintain an identified level.
4
Control exercised while the activity is in progress is
Discuss
Answer & Solution
Answer: Option A
Solution:
Control exercised while the activity is in progress is concurrent control. Concurrent control takes place while an activity is in progress. It involves the regulation of ongoing activities that are part of transformation process to ensure that they conform to organizational standards.
5
Control imposed after an action has occurred is
Discuss
Answer & Solution
Answer: Option C
Solution:
Control imposed after an action has occurred is feedback control. Feedback control is a process that the manager uses to help her carry out those functions. This process gives the manager the necessary information to better execute her control function, allowing the team to meet the standards set by the manager’s plans.
6
Informal communication is commonly known as
Discuss
Answer & Solution
Answer: Option D
Solution:
Informal communication is commonly known as grapevine. Grapevine communication is informal workplace dialogue in its purest form: it is characterized by conversations between employees and superiors that do not follow any prescribed structure or rule-based system. Grapevine communication spreads rapidly and likely touches each person throughout the organization.
7
Span of control means
Discuss
Answer & Solution
Answer: Option D
Solution:
Span of control means the number of people managed. The concept of "span of control," also known as management ratio, refers to the number of subordinates controlled directly by a superior.
8
________is a force to drive a person to action
Discuss
Answer & Solution
Answer: Option A
Solution:
Motivation is a force to drive a person to action. Motivation is the word derived from the word 'motive' which means needs, desires, wants or drives within the individuals. It is the process of stimulating people to actions to accomplish the goals.
9
The organization which was devised by FW Taylor was
Discuss
Answer & Solution
Answer: Option A
Solution:
The organization which was devised by FW Taylor was functional organization. A functional organization is a common type of organizational structure in which the organization is divided into smaller groups based on specialized functional areas, such as IT, finance, or marketing.
10
Need hierarchy theory was formulated by
Discuss
Answer & Solution
Answer: Option A
Solution:
Maslow's hierarchy of needs is a motivational theory in psychology comprising a five-tier model of human needs, often depicted as hierarchical levels within a pyramid. Needs lower down in the hierarchy must be satisfied before individuals can attend to needs higher up. From the bottom of the hierarchy upwards, the needs are: physiological, safety, love and belonging, esteem and self-actualization.